Across
- 1. Someone who is willing to take the risks involved in starting a new business.
- 7. Occurs when a business sells increased quantities of its products.
- 8. Measures the difference between the values of a business’s revenue and its total costs.
- 9. Is the natural world in which we live. E.g. sea, river, trees, forests etc.
- 11. A group of workers who act together to improve their pay and working conditions.
- 12. Are advanced computer programs that can operate a range of administrative activities previously carried out by employees.
- 13. of Employment Is a legal document stating the hours, rates of pay, duties and other conditions under which a person is employed.
- 17. Group Is a group of people with a common interest who influence public opinion and decisions by businesses and governments.
- 19. and Communications Technology (ICT) Are the computing and communications systems that a business might use to help to exchange information with stakeholders.
- 22. When the value of an economy’s output of goods and services falls for 6 or more months consecutively.
- 24. Plan Is a document setting out what a business does and what it hopes to achieve in the future.
- 25. Occurs when a business starts selling new products in new markets.
- 27. Is a person or organisation that owns part of a company.
- 28. Is the buying and selling of products using wireless handheld devices such as smartphones.
- 30. Is a simple means of communicating in real time using only web browsers e.g. Chrome.
- 32. Is the possibility of something going wrong.
- 35. Are methods of online communication such as websites and applications. They share information and help to develop social and professional contacts.
- 37. rate The price of one currency expressed in terms of another.
- 39. laws Are laws that have been introduced to prevent businesses from treating customers unfairly.
- 40. When a business does not face any competition in a particular market.
- 41. Elastic Products Are those whose sales are sensitive to changes in consumer income.
- 46. Costs Of production arise when a business’s activities result in harmful effects of other people not directly involved in the production.
- 47. A tax on foreign goods imported into a country.
- 48. Are pieces of software designed for a specific purpose and for use on smartphones and tablets.
- 51. resources Are those of which only a limited amount exists e.g. coal and oil.
- 52. Refers to methods of production in the long term without damage to the environment.
- 57. Rates The cost of borrowing money OR the reward for saving money, expressed as a percentage.
- 59. Living Wage Is an hourly rate of pay which is set by the government. All employees above a certain age must receive at least this rate of pay.
- 60. Warming Is the gradual heating of Earth’s surface, oceans and atmosphere.
- 61. Refers to the range of factors which influence the way a person behaves at work.
- 62. Climate Describes the state of key factors within a country such as the level of goods and services produced and the number of jobs available.
- 63. Are individuals and organisations that are affected by, and affect, the business.
Down
- 2. Are goods and services produced by a businesses in one country and sold in another.
- 3. Are similar to intranets but can also be accessed by other organisations such as suppliers.
- 4. Communication Is the transmission of information electronically between computing devices.
- 5. Exists when more than one business is attempting to attract the same customers.
- 6. Translates the needs of consumers, or the inventiveness of entrepreneurs, into a saleable product.
- 10. responsibility. Refers to the taking of decisions by businesses, consumers governments and other groups with the intention of protecting the environment.
- 14. Is made up of millions of individual consumers, many thousands of business and governments. All take decisions on what to buy and produce.
- 15. Is the extent to which a consumer is satisfied with a product.
- 16. Is the act of buying or selling a product using an electronic system such as the internet.
- 18. Refers to whether a business decision is thought to be morally wrong or right.
- 20. Someone who uses goods and services produced by businesses.
- 21. is an approach to managing businesses in which the interests of all groups in society are taken into account when making decisions.
- 23. Is a flexible loan which businesses can use, whenever necessary, up to an agreed limit.
- 26. Are goods and services purchased from overseas by consumers or businesses.
- 29. Spending Refers to the value of goods and services bought by consumers over a time period, usually a month or a year.
- 31. Trade Products Are those for which customers pay higher prices and offer better trading terms, such as payments with orders. The aim is to improve living standards of people in poorer countries where the products are produced.
- 33. of Scale When a business’s unit costs of production fall as its output rises and the business expands.
- 34. Is the reuse or raw materials used in making products, often for many times.
- 36. trade The selling of goods and services across national borders.
- 38. Is the amount a business asks a customer to pay for a single product.
- 40. Time Employee Works for a proportion of the working week E.g. 3 out of 5 days.
- 42. Computing Is a general term for the delivery of specialist computer services, such as the storage of very large amounts of data, provided by businesses using the internet.
- 43. reporting Is the publication of a business’s environmental performance to the general public.
- 44. Is the trend for markets to become worldwide in scope.
- 45. Occurs where there is a lack of information about a situation. This means the outcome or consequences are difficult to predict.
- 49. Company (MNC) Produces goods and services in more than one country. Also called transnational corporations (TNCs).
- 50. Where buyers and sellers come together to exchange goods and services.
- 53. Occurs when one business buys control of another.
- 54. Are communication networks which can only be accessed by an organisation’s employees.
- 55. Is a set of rules that governs the way society operates. Another term for laws.
- 56. Investment Occurs when governments, businesses and individuals invest capital into another country. E.g. building a new factory.
- 58. Share The percentage of sales in a particular market recorded by a business.